PROPERTY OVERVIEW:
A 14,092 BSF residential development site located on a 3,523 SF lot at 1805 Willow Lane in the Pelham Bay section of the Bronx. The property is zoned R7-1 and offers developers the opportunity to construct a multifamily residential project.
The existing improvements consist of a 2,852 SF two-family residential building, which will be delivered vacant at closing.
The lot dimensions are 33.58 feet x 104.92 feet.
The property also presents an opportunity for assemblage with the adjacent 3,249 SF lot located at 3149 Buhre Avenue, which is separately available for sale. The combined assemblage provides 27,088 BSF of total residential development potential across 6,772 SF of combined lot area.
Additionally, the adjacent property at 1807 Willow Lane is currently under contract but may provide future assemblage potential if it becomes available. The acquisition of 1807 Willow Lane would add an additional 14,448 BSF of development potential, creating a three-lot assemblage with a total development potential of 41,576 BSF.
The site is adjacent to Pelham Bay Park, New York City’s largest public park, and is located 0.3 miles from the Buhre Avenue subway station, which serves the 6 train.
ZONING & DEVELOPMENT POTENTIAL:
• Zoning: R7-1
• 1805 Willow Lane Buildable Area: 14,092 BSF
• Lot Size: 3,523 SF
• Lot Dimensions: 33.58 feet x 104.92 feet
• Existing Improvements: 2,852 SF two-family residential building delivered vacant at closing
• Adjacent Assemblage Opportunity: 3149 Buhre Avenue (3,249 SF lot)
• 3149 Buhre Avenue Buildable Area: 12,996 BSF
• Combined Assemblage Potential with 3149 Buhre Avenue: 27,088 BSF across 6,772 SF of combined lot area
• Additional Future Assemblage Opportunity: 1807 Willow Lane (currently under contract)
• Three-Lot Assemblage Potential Including 1807 Willow Lane: 41,576 BSF
• Opportunity for multifamily residential development
• All development potential is subject to zoning verification and required approvals
UP TO 41,576 BSF DEVELOPMENT SITE POTENTIAL:
• Zoning: R7-1
• 1805 Willow Lane Buildable Area: 14,092 BSF
• Lot Size: 3,523 SF
• Lot Dimensions: 33.58 feet x 104.92 feet
• Existing Improvements: 2,852 SF two-family residential building delivered vacant at closing
• Adjacent Assemblage Opportunity: 3149 Buhre Avenue (3,249 SF lot)
• 3149 Buhre Avenue Buildable Area: 12,996 BSF
• Two-Lot Assemblage Potential with 3149 Buhre Avenue: 27,088 BSF
• Adjacent Assemblage Opportunity: 1807 Willow Lane (3,612 SF lot currently under contract)
• Three-Lot Assemblage Potential Including 3149 Buhre Ave and 1807 Willow Lane: 41,576 BSF
• Opportunity for multifamily residential development
• All development potential is subject to zoning verification and required approvals
Charles Turbak
G.E. Grace & Company, Inc.
